The concept of 3PL has grown to become one of the largest sub-sectors of the global logistics industry. The coming years are likely to be critical for the future of the industry as it gears up to take on the challenges and opportunities offered by the latest technological advancements. Rapid growth in the e-commerce sector has given rise to new services and business models, which are transforming the landscape, challenging the 3PL traditional model and encouraging companies to revaluate their business model.
Implementing a five-year growth plan, On Logistics approached Maven to access debt funding to roll-out their innovative Warehouse Management System which they had developed in-house and upgrade its IT systems to streamline efficiencies through bar-coding, electronic tagging and satellite tracking of vehicles, further establishing their competitive positioning in the market.
The business was a great fit to receive the MEIF Maven Debt Fund solution due to its established track record of profitable trading and the debt funding solution its was seeking to accelerate its growth plans.
Maven MEIF Debt Finance provided a £350,000 debt solution to enable the business to invest in a recruitment drive, creating new jobs at its Tamworth-based headquarters and new 20,000 sq. ft. facility at the Elmdon Trading Estate. Longer term, the company aims to grow its headcount by 33% and funding will also fuel the company’s plans to enter new markets and grow its customer reach via its three distinctive brands.
Could MEIF Maven Debt Finance help fund your growth journey?
If you’re running an SME business that’s looking to grow, we’d love to hear from you. Feel free to give us a call to find out more about our flexible funding solutions:
0121 231 7125 Birmingham | 0115 697 6160 Nottingham
